Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
Rule 1 — Application and Definitions
Rule 2 — Administration
Rule 3 — Membership
Rule 4 — Appointment of Chief Executive Officers and Directors
Rule 5 — Financial/Capital Requirements
Rule 5A — Position Accounts
Rule 6 — Clearing and Settlement between Clearing Members and CDP
Rule 6A — Margin Requirements
Rule 6B — Collateral
Rule 6C — Payments
Rule 7 — Clearing Fund
Rule 8 — Default Rules
Rule 9 — Suspension or Restriction of Clearing
Rule 10 — Liabilities
Rule 11 — Supervisory Rules
Rule 12 — Foreign Market Links
Rule 13 — General
Rule 14 — Transitional Provisions
Appendices
Regulatory Notices to CDP Clearing Rules
Practice Notes
Schedules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(2 versions)
 
Up to Apr 25 2013Apr 26 2013 onwards

6.8.3 Cash Settlement Between Clearing Members and CDP

Past version: effective up to Apr 25 2013.
To view other versions open the versions tab on the right.

(1) By 9.30 a.m. of each Market Day, CDP shall provide a "Statement of Account with CDP" for each Clearing Member showing the net amount receivable from CDP or net amount payable to CDP, being the difference between:—
(a) the amount due from CDP in respect of securities delivered to CDP, and
(b) the amount due to CDP in respect of securities received from CDP.
(2) Settlement between the Clearing Member and CDP shall be effected between 10.00 a.m. and 11.00 a.m. on the Market Day on which the "Statement of Account with CDP" was received. Where a net amount is payable by a Clearing Member, the Clearing Member shall effect settlement of this amount to CDP between the hours of 10.00 a.m. and 11.00 a.m. on the same Market Day. A Clearing Member which effects settlement of the net amount due to CDP after 11.00 a.m. may, at the discretion of CDP, be charged interest on the amount owing at such rate as may be determined by CDP, notwithstanding that CDP may take action against the Clearing Member under Rule 8.